Australia’s central bank enacted its first rate cut since November 2020. The Reserve Bank of Australia announced the benchmark interest rate will be reduced by 25 basis points to 4.10%. The central bank held the rate at 4.35% since November 2023 after 13 consecutive...
Canada recorded a 3% increase in the seasonally adjusted annual rate of housing starts in January with a total of 239,739 units, compared to December’s total of 232,492 units. The Canada Mortgage and Housing Corporation (CMHC) reported actual housing starts were up 7%...
Development on a new community in Southeast England came to a halt following the discovery of a small colony of endangered species. Kent Online reports construction on a section of the 15,000-home Ebbsfleet Garden City project was stopped over concerns that a...
DOGE’s impact on Washington, Greenland hijinks and Redfin’s under the radar layoffs. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 10-14. Hit: Getting It Done. Earlier this week, the Department of Housing...
UK Prime Minister Keir Starmer has pledged to create the nation’s “largest housebuilding program” since the post-World War II era with the proposed construction of up to 12 new towns and the potential for 10,000 or more homes. According to combined media...
Ukraine recorded its first land purchase by a Western private fund since the Russian invasion in 2022. The Odessa News reports the Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv from Secure Property Investment and Development, a...
